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PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Interest Rates Updates

 We hereby inform that as per the Guidelines of Reserve Bank of India, our Bank has reviewed the Marginal Cost of Fund Based Lending Rate (MCLR) for different tenors and the same will be effective from 16.03.2021 S.No. Tenor MCLR (%) w.e.f. 16.03.2021 1. Overnight MCLR 7.15 2. One month MCLR 7.30 3. Three month MCLR 7.45 4. Six month MCLR 7.55 5. One Year MCLR 7.65 We request you to take note of the above pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
15-03-2021
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PUNJAB & SIND BANK - 533295 - Reg: Submission Of Form B By Shri Raghavendra Venkatasheshan Kollegal, Executive Director In Terms Of SEBI (Prohibition Of Insider Trading) Regulations 2015, Regulation: 7(1)(B) Read With 6(2).

 On 10-03-2021, we have informed stock exchanges about appointment of Shri Raghavendra Venkatasheshan Kollegal, as Executive Director of Punjab & Sind Bank. We are forwarding duly filled-in Form-B of Shri Raghavendra Venkatasheshan Kollegal, in terms of Regulation: 7(1) (b) read with Regulation: 6(2) of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.
10-03-2021
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PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Change in Directorate

 This is to inform that Government of India, Ministry of Finance, Department of Financial Services, vide notification no. F.No.4/3/2020-BO.I dated 10.03.2021, in exercise of the powers conferred by clause (a) of sub-section (3) of Section 9 of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980, has appointed Shri Raghavendra Venkatasheshan Kollegal as Executive Director of Punjab & Sind Bank date of assumption of office till the date of his superannuation, i.e. 30.06.2023 or until further orders, whichever is earlier. Shri Raghavendra Venkatasheshan Kollegal has taken over the charge today i.e., 10.03.2021. His brief profile is enclosed herewith. We request you to take note of the above pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
10-03-2021
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Punjab & Sind Bank - 533295 - Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances

 STRIKE BY UNITED FORUM OF BANK UNIONS (UFBU) - (AIBEAAIBOC-NCBE-AIBOA-BEFI-INBEF-INBOC-NOBW-NOBO) This is to inform that United Forum of Bank Unions ( UFBU) - (AIBEAAIBOC-NCBE-AIBOA-BEFI-INBEF-INBOC-NOBW-NOBO) have given a notice calling for All India Bank Strike on 15th March, 2021 and 16th March, 2021. If the strike materialises, a certain section of the Bank's employees may participate in strike on these said dates, in which case, it is likely that the normal functioning of the branches / offices of the Bank may get affected. The Bank is taking all necessary steps in terms of the existing guidelines to deal with the strike and for smooth functioning of Bank's branches / offices.
10-03-2021
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PUNJAB & SIND BANK - 533295 - Publication Of Notice For Extraordinary General Meeting On 25Th March 2021

 This is in continuation to our letter dated 02/03/2021wherein the Notice of the Extraordinary General Meeting had been forwarded to the stock exchanges. In this regard, Bank has also published the notice in the newspapers. Accordingly, a copy of notice of Extraordinary General Meeting published in Financial express (English newspaper) and Jansatta (Hindi newspaper) on 03.03.2021 is forwarded for your reference. You are requested to take a note of the same.
03-03-2021
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Capital infusion: Punjab & Sind Bank to convene EGM to seek shareholders' nod

 The bank will issue over 335 crore shares at 16.41 apiece to the government in lieu of the capital infusion.The Extraordinary General Meeting (EGM) will be conducted through video conferencing on March 25
02-03-2021
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PUNJAB & SIND BANK - 533295 - Update: Extraordinary General Meeting On 25Th March 2021

 Further to our letter dated 23.02.2021, we are forwarding a copy of Notice of an Extraordinary General Meeting of the Shareholders of Punjab & Sind Bank to be held through Video Conferencing (VC) / Other Audio Visual Means (OAVM) on Thursday, the 25th day of March, 2021 at 11.00 a.m. You are requested to take a note of the same.
02-03-2021
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Punjab & Sind Bank shares advance nearly 5%; hits the upper circuit

 Shares of Punjab & Sind Bank advanced nearly 5 per cent in morning trade on Wednesday after the bank said it will allot shares worth Rs 5,500 crore to the government in lieu of capital infusion. After opening in the green territory, the bank's shares rose 4.98 per cent to hit the upper circuit limit at Rs 17.48 a piece on the BSE. The scrip hit its upper trading limit on the NSE as well, with a gain of 4.80 per cent at Rs 17.45. An extraordinary general meeting (EGM) of the shareholders of the bank is scheduled on March 25, 2021 for preferential issue of equity shares to the government up to Rs 5,500 crore, the bank said in a regulatory filing on Tuesday. The EGM, the bank said, will take place through video conferencing and other audio visual means for passing the resolution for issuing shares to the government. In September, the government had approved a Rs 20,000 crore fund as part of the Supplementary Demands for Grants for 2020-21, for capital infusion into public sector...
24-02-2021
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PUNJAB & SIND BANK - 533295 - Announcement under Regulation 30 (LODR)-Newspaper Publication

 This is in continuation to our letter dated 23.02.2021 informing stock exchanges about Extraordinary General meeting of the Bank scheduled to be held on Thursday, the 25th of March 2021 at 11.00 AM through VC / OAVM, a newspaper publication was given in this regard. Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed the copies of the Notice of EGM and Cutoff Date published in Financial Express (English) and Jansatta (Hindi) on 23.02.2021.
23-02-2021
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PUNJAB & SIND BANK - 533295 - Extraordinary General Meeting On March 25, 2021

 We wish to inform that an Extraordinary General meeting of the shareholders of the Bank is scheduled to be held on Thursday, the 25th of March 2021 at 11:00 AM through VC / OAVM for passing special resolution for; i) Preferential issue of equity shares to GOI upto Rs.5500 crore: In this regard we wish to inform that in term of SEBI (ICDR) Regulations 2018, Relevant Date for the preferential issue of equity shares is 23.02.2021 and Notice for the Extraordinary General Meeting is being sent by email to all shareholders holding equity shares of the Bank on 26.02.2021. You are requested to take a note of the same.
23-02-2021
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